Earnings Alerts

Oppein Home Group (603833) Earnings: FY Net Income Falls Short of Estimates

  • Oppein Home’s net income for the fiscal year missed the estimated projections; The actual income turned out to be 3.04 billion yuan against the estimated 3.07 billion yuan.
  • The company also reported lesser revenue than predicted with the actual figure standing at 22.78 billion yuan, compared to the anticipated 23.33 billion yuan.
  • Despite missing targets, Oppein Home’s net income still increased by 12.9% from the previous year depicting strong business performance.
  • Analysts’ sentiments are largely positive with majority projecting a bullish trend: 32 buyers, 1 hold and 5 sellers display a solid confidence in the company’s prospects.

A look at Oppein Home Group Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience4
Momentum2
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Oppein Home Group’s long-term outlook, as indicated by the Smartkarma Smart Scores, reveals a promising future ahead. With strong scores in Dividend, Growth, Resilience, and Value factors, the company is positioned well for sustained success. A perfect score in Dividend reflects the company’s commitment to rewarding its investors, while impressive scores in Growth and Resilience underline its potential for future expansion and ability to weather economic uncertainties. Despite a lower Momentum score, Oppein Home Group’s overall outlook remains positive, making it an attractive prospect for investors seeking a stable and growing company in the household furniture industry.

Oppein Home Group Inc., known for its household furniture products like kitchen cabinets, wardrobes, and bathroom items, has a global presence in the market. With a focus on quality and innovative designs, the company continues to capture attention worldwide. The combination of its product range and distribution network positions Oppein Home Group for long-term success. Investors can find confidence in the company’s solid Smart Scores, particularly in Dividend, Growth, Resilience, and Value, indicating a strong foundation for sustained growth in the furniture manufacturing sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars